CosmicTaco
CosmicTaco

BlackBuck Faces INR 14.2 Cr Tax Demands

  • Zinka Logistics Solutions, the parent company of BlackBuck, has received two significant tax notices totaling INR 14.2 Cr.
  • The first notice, issued on February 24, 2025, accuses the company of wrongly availing input tax credit (ITC) under GST amounting to INR 10.02 Cr.
  • Additionally, the Income Tax department has raised a separate demand of INR 4.18 Cr, citing issues related to short-deduction/non-remittance of TDS.
  • The GST notice pertains to the period from April 2020 to March 2021, highlighting discrepancies in the company's tax filings.
  • This development puts significant financial and operational pressure on BlackBuck as it navigates these tax challenges.

Source: Inc42

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